Old National Bancorp(NASDAQ) ONB

Old National Bancorp helps people and businesses manage money. It provides bank accounts and loans across the Midwest. The company also helps clients plan for their financial future.

What the Bank Does

• Commercial Lending: Business financing and property loans for companies; represents 58% of earning assets at June 30, 2026.
• Consumer Banking: Residential mortgages and personal loans for individuals and families.
• Wealth Management: Trust administration and investment advisory services for private clients.
• Deposit Accounts: Checking, savings, and money market accounts for personal and business use.

Strategic Growth and Acquisitions

• Acquired Bremer in May 2025, adding $11.2 billion in loans and $12.9 billion in deposits.
• Issued $450.0 million in subordinated notes in Jan. 2026 to fund general corporate purposes.
• Filed an automatic shelf registration statement on May 28, 2026, to allow for future securities issuance.

A Midwest Banking Powerhouse

Old National operates as the fifth largest commercial bank headquartered in the Midwest by asset size. It manages a diverse credit portfolio across states like Minnesota, Illinois, and Indiana to mitigate geographic risk.

Recent Financial Results

• Net interest income reached $579.0 million in the second quarter of 2026, up 12.5% year over year.
• Net income applicable to common shareholders reached $249.4 million in the second quarter of 2026, up 105.5% year over year.
• Total assets grew to $74.2 billion at June 30, 2026, compared to $72.2 billion at Dec. 31, 2025.
• Total deposits reached $56.1 billion at June 30, 2026, up 1.9% from Dec. 31, 2025.

The Final Word

Old National has transitioned from a local institution into a top 25 U.S. banking company through strategic acquisitions and organic loan growth. The expansion into new Midwest and Southeast markets provides a broader base for its commercial and wealth management services.